SEC Approves Hashdex Nasdaq ETF to Include XRP, SOL, and XLM

Hashdex, a prominent crypto asset management firm, has gained approval from the U.S. Securities and Exchange Commission (SEC) to expand its Crypto Index US ETF (NCIQ) to cryptocurrencies beyond Bitcoin and Ethereum. It has added Ripple (XRP), Solana (SOL), and Stellar (XLM), along with ADA, LINK, and UNI. It is one of the first approvals under the SEC’s new generic listing standards for commodity-based trust shares, reflecting a major shift toward the institutional adoption of altcoins.

Following the victory of Donald Trump in the U.S. Presidential elections, the regulatory frameworks witnessed significant pro-crypto developments, including the approval of the Hashdex Nasdaq ETF (with BTC and ETH only) in late 2024. The continuation of those developments has now resulted in the inclusion of potential altcoins in the Hashdex ETF, and market observers expect more advancements soon.

While the inclusion is a significant transition in the regulatory landscape, it has not yet been reflected on the XRP, SOL, and XLM charts. The market is still in the revival phase from the recent correction, which resulted in $1.6 billion in liquidations.

XRP, SOL, & XLM Bullish For the Long-Term Due to Institutional Accumulation

Despite the recent dip ignited by the profit-taking momentum, XRP, SOL, and XLM have been witnessing an increase in on-chain activity and external engagement, signaling institutional participation. Various price predictions predict a medium-term upward momentum for these assets till the spot XRP ETF approvals by October 2025. (Market reference: XRP market today, SOL market today, XLM market today)

Apart from the ETF-driven surge, XRP, SOL, and XLM ensure long-term bullishness through the roadmap plans and upcoming partnerships. The launch of RLUSD Stablecoin, the focus on the Asia-Pacific ecosystem, and the Real-World Asset (RWA) tokenization plans of XRP are expected to increase its transactional demand.

SOL, on the other hand, has the Alpenglow Consensus upgrade coming this year’s end, which aims to reduce block verification time from 12 seconds to 150 milliseconds. Also, the Solana ecosystem is planning to become a prominent player in the global internet capital markets in the long run through its Application-Controlled Execution (ACE).

Stellar (XLM) is also aiming for RWA expansion through its partnerships with Archax (tokenized investments) and Visa (stablecoin rails). The institutional demand for these assets is growing, and holders expect long-term returns despite the short-term, event-driven volatility.

XRP Market Today: Bearish & Medium Volatility

XRP is slowly rebounding from its dip, but it is still in a bearish phase. It has exhibited only 12 green candles this month and has a high supply inflation of 5.92%. At present, it is trading for $2.85. 

• Fear & Greed Index: 44 (Fear)
• Market Sentiment: Bearish
• Supply Inflation: 5.92% (High) 
• Dominance: 4.44%
• Volatility: 3.39% (Medium)

SOL Market Today: Bearish & High Volatility

SOL is trading for $205.5 per coin, a 2.22% downward movement from yesterday. The 24-hour trading volume also witnessed a significant 10% reduction. Also, it is 30.285 down from the all-time high achieved eight months ago.

• Fear & Greed Index: 44 (Fear)
• Market Sentiment: Bearish
• Supply Inflation: 15.93% (High)
• Dominance: 2.91%
• Volatility: 7.44% (High)

XLM Market Today: Slow Revival From the Correction

Similar to XRP and SOL, Stellar (XLM) is also in a bearish phase, trading at $0.3634. It is 9% down this week, and 61% down from the all-time high. It exhibits high supply inflation and medium volatility. 

• Fear & Greed Index: 44 (Fear) 
• Market Sentiment: Bearish
• Supply Inflation: 7.74% (High) 
• Dominance: 0.30% 
• Volatility: 3.89% (Medium)

Bitcoin Still Holds Dominance in Hashdex’s Multi-Crypto ETF

The recent addition to the Hashdex Nasdaq Crypto Index US ETF (NCIQ) includes Ripple (XRP), Solana (SOL), Cardano (ADA), Chainlink (LINK), Stellar (XLM), and Uniswap (UNI). Bitcoin still dominates the basket with a 72.46% weight.

About Hashdex Nasdaq Crypto Index US ETF (NCIQ)

Nasdaq Crypto Index US ETF is Hashdex’s multi-crypto ETF that allows U.S. investors to access prominent cryptocurrencies without directly owning them. With approval from the SEC and regular auditing, the fund provides a regulated access to crypto in a strict and secure environment.